This article examines the economic effects of aid and the relationships among private capital flows, official flows, and concessional assistance. It considers whether official and concessional flows improve the welfare of both recipient and grantor, and it outlines the economic rationale for concessional assistance. The impact of aid on a recipient's growth performance is analyzed, and some criticisms of aid are evaluated.
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Anne O. Krueger (1986) studied this question.
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